Veteran

It's a move toward limiting presidential power, which, as in all or nearly all Latin American states, far exceeds the power held by the American president (at least 'til very recently) or the Canadian premier.
Unfortunately, though, that power is simply shifted to the Congreso, rather than returned to the people. Perhaps that will come in time.

Veteran

The good news is that the Kirchner's lost, the bad news that they are still here. Without big changes, which does not appear likely, another 2001 type meltdown is getting closer by the day. Resolution of the farm crisis (if it is in fact resolved) only delays the eventual economic collapse of the country at the hands of this most inept of governments. Good article on the economic problems here.

Veteran

Nice concise summaries, many thanks. From my limited understanding... there's been strong economic growth and a limited house price boom driven by farmers making good money off the rising commodities prices. The government have repeatedly taxed the farmers to benefit from the rise in commodities prices, to the point that the farmers lost incentive to produce, leading to strikes, food shortgages and knock-on inflation, and all round turmoil. But, if this issue is resolved (fingers crossed) and the campo can return to producing food to sell on the international markets at good prices - should we not see an eventual return to the same more promising situation - strong economic growth, increasing wealth and stable inflation linked to stable food prices? I was hoping that this vote might lead to a return to normality...
Might have this completely wrong, but thought that was the gist of it all. Any pointers?
jpEDIT: just read that mercopress article. Great stuff, thanks for the link. Guess my analysis was a little simplistic

Veteran

There is a lot of misinformation about the Property market in Buenos Aires and the biggest myth is that foreign investment is the fuel that lights the fire here.
Last month June Remax Argentina had the best sales month since its inception and that is in the grip of a farmers strike and daily demonstrations. Local people traditionally put there money into Real Estate because they have no trust in banks and other forms of investment. Also with the dollar losing value against the Argentine peso this has created more interest of late from local investors.
What fuels property prices is supply and demand . Argentinas property market is 90 percent cash meaning that there is no Bubble like you have in Unites States and many other societies.
If you look at other commodity driven countries like Russia. Ukraine and Iran prices in desired areas of Moscow , Kiev and Tehran are fetching around 15000 dollars a sqaure metre. The best neighbouhoods of Recoleta. Barrio Norte .are round 2500 dollars a metre meaning that prices have a long way to go before they will come down .

Active Member

There is a lot of misinformation about the Property market in Buenos Aires and the biggest myth is that foreign investment is the fuel that lights the fire here.
Last month June Remax Argentina had the best sales month since its inception and that is in the grip of a farmers strike and daily demonstrations. Local people traditionally put there money into Real Estate because they have no trust in banks and other forms of investment. Also with the dollar losing value against the Argentine peso this has created more interest of late from local investors.
What fuels property prices is supply and demand . Argentinas property market is 90 percent cash meaning that there is no Bubble like you have in Unites States and many other societies.
If you look at other commodity driven countries like Russia. Ukraine and Iran prices in desired areas of Moscow , Kiev and Tehran are fetching around 15000 dollars a sqaure metre. The best neighbouhoods of Recoleta. Barrio Norte .are round 2500 dollars a metre meaning that prices have a long way to go before they will come down .

Veteran

Pericles It's very reassuring to know that even if the economy collapses here we can expect the real estate market to only keep going up in value. Maybe in a couple of years values here will be closing in on Manhattan and London.

Active Member

Pericles
It's very reassuring to know that even if the economy collapses here we can expect the real estate market to only keep going up in value.
Maybe in a couple of years values here will be closing in on Manhattan and London.